International Bank Of Chicago Mortgage Rates, Fees & Info
Chicago, ILLEI: 254900KI0CM65KPBM547
Tax ID: 36-3842292
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Mortgage Data
Bank Data
Review & Overview
International Bank Of Chicago is a smaller bank specializing in Home Purchase loans. International Bank Of Chicago has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, New York, Orlando, Miami, and Raleigh among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)International Bank Of Chicago has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
176Origination Dollar Volume (All Markets)
$47,500,000Employee count
109Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 82 | $17,150,000 | $209,146 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 10 | $10,160,000 | $1,016,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 40 | $8,550,000 | $213,750 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 9 | $2,865,000 | $318,333 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 10 | $2,440,000 | $244,000 | $0 | 0.00% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 14 | $2,190,000 | $156,429 | $0 | 0.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 3 | $1,985,000 | $661,667 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 176 | $47,500,000 | $269,886 | $0 | 0.00% |
For 2018, International Bank Of Chicago's most frequently originated type of loan was Conventional, with 176 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 128 | $38,390,000 | $299,922 | $0 | 0.00% |
| Refi | 48 | $9,110,000 | $189,792 | $0 | 0.00% |
For 2018, International Bank Of Chicago's most frequently cited loan purpose was Home Purchase, with 128 originations. The 2nd most popular reason was Refi, with 48 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 176 | $47,500,000 | $269,886 | $0 | 0.00% |
For 2018, International Bank Of Chicago's most frequently cited loan duration was Other, with 176 originations.
Loan Sizing
2018 saw International Bank Of Chicago place emphasis on $100k-200k loans with 72 originations, totaling $10,690,000 in origination value.
Applicant Income
International Bank Of Chicago lent most frequently to those with incomes in the $50k or less range, with 13 originations. The second most popular income band? $75k-100k, with 13 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 176 | $47,500,000 | $269,886 | $0 | 0.00% |
International Bank Of Chicago lent most frequently to those with DTI ratios of Exempt%, with 176 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.17%
International Bank Of Chicago has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination82.95%
International Bank Of Chicago has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 176 | $47,500,000 | $269,886 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 9 | $5,895,000 | $655,000 |
| Single Family (1-4 Units):Site-Built | 167 | $41,605,000 | $249,132 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| International Mortgage & Finance Group, Inc. | FHA mortgage | Closing on a mortgage | 1 | 100.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| International Bank of Chicago | 1210 Central Avenue Wilmette, IL 60091 | Full Service B&M | $64,446 |
| International Bank of Chicago | 1860 North Mannheim Road Stone Park, IL 60165 | Full Service B&M | $103,991 |
| International Bank of Chicago | 2 West Main Street Port Jervis, NY 12771 | Full Service B&M | $19,120 |
| International Bank of Chicago | 217 West Cermak Road Chicago, IL 60616 | Full Service B&M | $29,189 |
| International Bank of Chicago | 5069 North Broadway Chicago, IL 60640 | Full Service B&M | $260,158 |
| International Bank of Chicago | 9380 West Ballard Road Des Plaines, IL 60016 | Full Service B&M | $50,412 |
For 2018, International Bank Of Chicago had 6 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $28,099 |
| Net interest income | $22,571 |
| Total noninterest income | $-603 |
| Gross Fiduciary activities income | $40 |
| Service charges on deposit accounts | $2,354 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $-2,997 |
| Pre-tax net operating income | $8,600 |
| Securities gains (or losses, -) | $-18 |
| Income before extraordinary items | $8,434 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $8,434 |
| Minority interest net income | $0 |
| Net income | $8,434 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $8,451 |
International Bank Of Chicago's gross interest income from loans was $28,099,000.
International Bank Of Chicago's net interest income from loans was $22,571,000.
International Bank Of Chicago's fee based income from loans was $2,354,000.
International Bank Of Chicago's net income from loans was $8,434,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $5,528 |
| Provision for credit losses | $-450 |
| Total noninterest expense | $13,818 |
| Salaries and employee benefits | $7,211 |
| Premises and equipment expense | $1,406 |
| Additional noninterest expense | $5,201 |
| Applicable income taxes | $148 |
| Net charge-offs | $998 |
| Cash dividends | $4,900 |
International Bank Of Chicago's interest expense for loans was $5,528,000.
International Bank Of Chicago's payroll and benefits expense were $7,211,000.
International Bank Of Chicago's property, plant and equipment expenses $1,406,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 3.0% |
| Real Estate loans | 3.0% |
| Construction & Land Development loans | 47.0% |
| Nonfarm, nonresidential loans | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 0.0% |
| HELOC loans | 0.0% |
| All other family | 0.0% |
| Commercial & industrial loans | 2.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.0% |
| Other individual loans | 0.0% |
| Auto loans | 0.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $560,233 |
| Deposits held in domestic offices | $560,233 |
| Deposits by Individuals, partnerships, and corporations | $452,350 |
| Deposits by U.S. Government | $449 |
| Deposits by States and political subdivisions in the U.S. | $1,848 |
| Deposits by Commercial banks and other depository institutions in U.S. | $86,300 |
| Deposits by Banks in foreign countries | $19,286 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $41,452 |
| Demand deposits | $35,300 |
| Nontransaction accounts | $518,781 |
| Money market deposit accounts (MMDAs) | $43,092 |
| Other savings deposits (excluding MMDAs) | $189,941 |
| Total time deposits | $285,749 |
| Total time and savings deposits | $524,933 |
| Noninterest-bearing deposits | $160,969 |
| Interest-bearing deposits | $399,264 |
| Retail deposits | $443,194 |
| IRAs and Keogh plan accounts | $14,404 |
| Brokered deposits | $79,417 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $636,817 |
| Cash & Balances due from depository institutions | $47,995 |
| Interest-bearing balances | $45,166 |
| Total securities | $128,363 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $444,231 |
| Loan and leases loss allowance | $6,720 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $8,673 |
| Other real estate owned | $3,450 |
| Goodwill and other intangibles | $68 |
| All other assets | $4,037 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $636,817 |
| Total Liabilities | $562,371 |
| Total deposits | $560,233 |
| Interest-bearing deposits | $399,264 |
| Deposits held in domestic offices | $560,233 |
| % insured (estimated) | $69 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $2,138 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $444,231 |
| Loan and leases loss allowance | $6,720 |
| Total loans and leases (domestic) | $450,951 |
| All real estate loans | $396,222 |
| Real estate loans in domestic offices | $396,222 |
| Construction and development loans | $28,406 |
| Residential 1-4 family construction | $0 |
| Other construction, all land development and other land | $28,406 |
| Loans secured by nonfarm nonresidential properties | $207,365 |
| Nonfarm nonresidential secured by owner-occupied properties | $92,054 |
| Commercial real estate & other non-farm, non-residential | $115,311 |
| Multifamily residential real estate | $28,766 |
| 1-4 family residential loans | $130,776 |
| Farmland loans | $909 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $51,782 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $2,818 |
| Credit card loans | $0 |
| Related Plans | $72 |
| Consumer Auto Loans | $0 |
| Other loans to individuals | $2,746 |
| All other loans & leases | $128 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $128 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $0 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $13,745 |
| Non 1-4 family restructured loans & leases | $13,299 |
| Total loans and leases (foreign) | $0 |
International Bank of Chicago had $444,231,000 of loans outstanding in 2018. $396,222,000 of loans were in real estate loans. $28,406,000 of loans were in development loans. $28,766,000 of loans were in multifamily mortgage loans. $130,776,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 of loans were in the auto loan category.
Small Business Loans
| Categorization | # of Loans in Category | $ amount of loans (in 000's) | Average $/loan |
|---|---|---|---|
| Nonfarm, nonresidential loans - <$1MM | 185 | $67,690 | $365,892 |
| Nonfarm, nonresidential loans - <$100k | 11 | $570 | $51,818 |
| Nonfarm, nonresidential loans - $100-250k | 40 | $6,234 | $155,850 |
| Nonfarm, nonresidential loans - $250k-1MM | 134 | $60,886 | $454,373 |
| Commercial & Industrial, US addressed loans - <$1MM | 159 | $10,412 | $65,484 |
| Commercial & Industrial, US addressed loans - <$100k | 129 | $3,257 | $25,248 |
| Commercial & Industrial, US addressed loans - $100-250k | 13 | $1,221 | $93,923 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 17 | $5,934 | $349,059 |